Alexandria Real Estate Equities, Inc. (NYSE:ARE) Position Trimmed by National Pension Service

National Pension Service lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 245,120 shares of the real estate investment trust's stock after selling 10,774 shares during the quarter. National Pension Service owned about 0.14% of Alexandria Real Estate Equities worth $29,108,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust's stock worth $32,000 after buying an additional 154 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $33,000. Global X Japan Co. Ltd. purchased a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $43,000. M&R Capital Management Inc. purchased a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $50,000. Finally, Hilltop National Bank lifted its stake in shares of Alexandria Real Estate Equities by 27.0% during the second quarter. Hilltop National Bank now owns 686 shares of the real estate investment trust's stock worth $80,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock traded up $0.32 during mid-day trading on Friday, reaching $114.04. The company's stock had a trading volume of 875,562 shares, compared to its average volume of 987,226. The firm has a market cap of $19.93 billion, a price-to-earnings ratio of 69.32, a PEG ratio of 4.23 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.17 and a twelve month high of $135.45. The business has a 50 day moving average price of $118.23 and a 200-day moving average price of $118.23. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Alexandria Real Estate Equities's revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.26 EPS. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's payout ratio is currently 317.07%.

Analyst Ratings Changes

ARE has been the topic of a number of recent research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Wedbush dropped their target price on Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a research note on Wednesday, October 23rd. Robert W. Baird cut their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their price target for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $131.10.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc NYSE: ARE, an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.